Toyota to invest billion into artificial intelligence

SAN FRANCISCO (CNNMoney) -Toyota is getting serious about automated driving. On Thursday, the car company announced it is investing $1 billion over the next five years into artificial intelligence and robotics research. It is creating a new company, called Toyota Research Institute Inc., that will have offices in Silicon Valley and Cambridge, Mass. The research will likely be used in fully automated cars down the line, but the Institute wants to focus on features that can help drivers avoid crashes, like automated breaking, in the near future. “There are some people who are looking at autonomous driving as the end goal,” said John Hanson, a Toyota spokesperson. “It is definitely off in the future. What we want to do is we want to start saving lives immediately.” The group wants…

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